The demand for haddock has been estimated as log Q- a+ b log P+c log I + d log P where Q - quantity of haddock sold in New England P price per pound of haddock I a measure of personal income in the New England region Pman index of the price of meat and poultry If b2.174, c 0.461, and d 1.909, a. Determine the price elasticity of demand. b. Determine the income elasticity of demand. c. Determine the cross price elasticity of demand. d. How would you characterize the demand for haddock? e. Suppose disposable income is expected to increase by 5 percent next year. Assuming all other factors remain constant, forecast the percentage change in the quantity of haddock demanded next year.

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit. the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not